Trump's Ho-Hum Economy in Three Graphs

[riversedge]

Trump’s Ho-Hum Economy in Three Graphs
Taking Over in a Boom, Trump Logs Just Mediocre GDP and Jobs Growth, While Farmers Are in Deep Trouble


https://www.dcreport.org/2020/02/04/trumps-ho-hum-economy-in-three-graphs/

By David Cay Johnston, DCReport Editor-in-Chief


At Tuesday night’s State of the Union address, Donald Trump will surely claim he has created a great economy. Trump will try to lower expectations, hoping people forget his towering 2016 claims and promises. My spring 2019 analysis of Trump economic performance was a grade of C , average.

Yet Team Trump claims it is doing just great. “United States GDP Growth Continues Exceeding Expectations” was the headline on a Jan. 30 White House announcement.

So, what are the facts? Here are some hard numbers to judge Trump claims against reality.

Gross Domestic Product growth in the last quarter of 2019 was 2.1%. For the entire year, it was 2.3%. That means economic growth slowed.

That’s nothing to brag about. The average growth rate since 1947 has been 3.2%.

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https://www.dcreport.org/?page_id=18082&preview=true

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Trump also promised voters he could pay off the federal government’s debt if he got two terms. Instead he already has pushed annual budget deficits back to the trillion-dollar level.

So, as you watch, listen to or read about Trump’s Tuesday night address to Congress, ask yourself if what Trump says is fact or fiction.

Featured image: Internet meme

[dchill]

1. K&R for TRUTH.

[Farmer-Rick]

2. And his job growth is 13% less than the Obama years.

[smirkymonkey]

3. We need to start loudly and publicly start calling out his lies.

He is completely full of shit but until we start pushing back against him, he will get away with convincing low-information voters that what he says is true.